November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
The Supreme Court has posed the greatest threat to continuation of our democracy as has been seen in the history of our republic by its ruling in Citizens United. While you can not reverse that ruling you can require transparency in reporting corporate reporting. As a shareholder, I want to know where my companies are spending stockholder's moneys, but really survival of the republic is most important of all.
I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor's money on political activity in secret.
Please issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
Thank you for considering my comment.
Sincerely,
Ed Davis